JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Heron Financial Group LLC

Heron Financial Group LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,660 shares of the financial services provider’s stock after selling 664 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Heron Financial Group LLC’s holdings, making the stock its 19th largest position. Heron Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Hoey Investments Inc. increased its position in JPMorgan Chase & Co. by 187.7% during the 2nd quarter. Hoey Investments Inc. now owns 49,684 shares of the financial services provider’s stock worth $4,673,000 after purchasing an additional 32,417 shares in the last quarter. Hayden Royal LLC boosted its position in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Hayden Royal LLC now owns 13,848 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 362 shares during the period. Occidental Asset Management LLC boosted its position in JPMorgan Chase & Co. by 6.7% during the 2nd quarter. Occidental Asset Management LLC now owns 8,857 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 554 shares during the period. GFG Capital LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $947,000. Finally, WealthTrust Axiom LLC boosted its position in JPMorgan Chase & Co. by 7.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 7,703 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 501 shares during the period. 69.35% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on JPM shares. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Credit Suisse Group reaffirmed a “buy” rating and set a $126.00 price target (up from $122.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday. Atlantic Securities raised JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Wednesday, July 22nd. Goldman Sachs Group raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $111.59.

NYSE JPM traded down $0.21 during trading on Friday, hitting $101.51. The company’s stock had a trading volume of 13,276,397 shares, compared to its average volume of 20,525,127. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average price of $99.36 and a 200 day moving average price of $96.79. The firm has a market cap of $309.36 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.69. The company had revenue of $29.90 billion for the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.68 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s payout ratio is presently 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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